Standard Bank may have to pay R51bn fine over forex

The implicated banks would have to pay much less if the fine were calculated on the turnover of their currency units, said Intellidex analyst Stuart Theobald

5 days ago
SA banks may be fined '10 percent of turnover' over forex scandal

'The respondents manipulated the price of bids and offers through agreements to refrain from trading and creating fictitious bids and offers at particular ...

6 days ago
REVEALED: How Eskom load-shedding was a get-rich scheme

The blackout emergency, which cost South Africa an estimated R300-billion, was engineered to benefit favoured companies

7 days ago
Monopoly capital? How big retail chains keep the small guy down

'The formal South African supermarket industry is concentrated, with only a handful of large chains holding more than 70% of the national market share'

19 days ago
Gordhan: It would be illegal to make Absa 'pay back the money'

Gordhan said CIEX's recommendations, which involved the Reserve Bank threatening Absa into paying the money back without it going to court, had not been ...

23 days ago
The Ford Kuga fiasco: How not to manage a crisis

Ford South Africa has been attacked viciously in the media and radio stations have been inundated with calls from angry customers some of whom have resorted to ...

26 days ago
Why South Africa is still on the road to a junk rating

Although South Africa avoided a downgrade to non-investment grade, or junk status, in 2016, the country is not yet out of the woods and may be downgraded this ...

1 month ago
Davos: Where the good and the great get everything wrong

“If you bother to read some of the serious analysis of Trump’s support, you realize that it’s a very fragile thing and highly unlikely to deliver what he needs ...

1 month ago
Ford recalled Kuga after 'ultimatum' from consumer body

The company maintains that the Kuga fires were caused by a coolant system fault exacerbated by South Africa‘s hot climate

1 month ago
Crop insurance plan born in Davos to be tested in Zimbabwe

Unveiled in 2015 at the World Economic Forum, the initiative to sell small farmers inexpensive policies to reimburse them in the event of a weather disaster ...

1 month ago
Capitalism's intellectual made a very big mistake

Albert Einstein was wrong about quantum mechanics. Linus Pauling was wrong about the structure of DNA. And Milton Friedman was wrong about the permanent income ...

1 month ago
What Judge Davis said about the Absa 'lifeboat' - Executive Summary

"The agreements of 1990 and 1991 constituted simulated transactions which, in law, amounted to donations of money. There is no legal basis by which the S A ...

1 month ago
Five economic terms we should all be using

Every year, the Edge Foundation  asks a bunch of scientists one interesting question. This year’s question was “What scientific term or concept ought to be ...

1 month ago
South Africa among emerging markets investors are eyeing for 2017

These are some clear favorites among investors for 2017. All things Russian and Indian are popular, as are Brazilian corporate bonds and Mexico’s cheap ...

1 month ago
With R10bn, Atul Gupta now seventh wealthiest in SA

The Sunday Times is leading with the story "Gupta's R10bn jackpot". It is based on the paper's annual Rich List survey. According to the paper: President Jacob ...

2 months ago
Ford in trouble after 17 Kuga vehicles 'spontaneously ignite' in South Africa

The only way the family of 33-year-old Reshall Jimmy could identify his body after he died trapped inside his burning 2014 Ford Kuga SUV‚ was through a DNA ...

2 months ago
Why did ratings agencies ignore key weaknesses in the SA economy?

Given utterly zany politics and the stagnant economy, why was South Africa not downgraded all the way to junk?

2 months ago
Inside South Africa's new energy plan

"Unsurprisingly, the nuclear industry and its supporters have reacted very negatively to the new draft"

2 months ago
Vietnam cans Russian nuclear deal: A lesson for South Africa

'Vietnam is only the latest in a long list of countries that have postponed or abandoned their plans for nuclear new-build'

3 months ago